Price for Stainless Steel in Ingots or Other Primary Forms in Chile - 2023
Contents:
- Price for Stainless Steel in Ingots or Other Primary Forms in Chile (CIF) - 2022
- Price for Stainless Steel in Ingots or Other Primary Forms in Chile (FOB) - 2022
- Imports of Stainless Steel in Ingots or Other Primary Forms in Chile
- Exports of Stainless Steel in Ingots or Other Primary Forms in Chile
Price for Stainless Steel in Ingots or Other Primary Forms in Chile (CIF) - 2022
In 2022, the average import price for stainless steel in ingots or other primary forms amounted to $45,204 per ton, jumping by 327% against the previous year. In general, the import price posted a strong increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($130,000 per ton), while the price for Peru ($7,802 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+305.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Stainless Steel in Ingots or Other Primary Forms in Chile (FOB) - 2022
In 2022, the average export price for stainless steel in ingots or other primary forms amounted to $9,001 per ton, waning by -16.2% against the previous year. Overall, the export price showed a deep slump. The growth pace was the most rapid in 2015 an increase of 197%. Over the period under review, the average export prices attained the peak figure at $51,533 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Bolivia.
From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to +51.6% per year.
Imports of Stainless Steel in Ingots or Other Primary Forms in Chile
In 2022, overseas purchases of stainless steel in ingots or other primary forms decreased by -58.4% to 3.7 tons, falling for the second year in a row after two years of growth. Overall, imports recorded a sharp setback. The pace of growth appeared the most rapid in 2020 with an increase of 531% against the previous year. As a result, imports reached the peak of 76 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of stainless steel in ingots or other primary forms skyrocketed to $168K in 2022. In general, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 218% against the previous year. As a result, imports reached the peak of $244K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Stainless Steel in Ingots or Other Primary Forms in Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 55.4 | 2.2 | 2.0 | 134 | 34.2% |
| China | 9.2 | 74.1 | 54.9 | 30.9 | 49.8% |
| Peru | 0.5 | 0.6 | 0.7 | 1.9 | 56.0% |
| Turkey | N/A | 111 | N/A | 0.4 | -94.0% |
| Denmark | N/A | 39.9 | N/A | N/A | 0% |
| Taiwan (Chinese) | 1.6 | 2.1 | 2.3 | N/A | 19.9% |
| Others | 10.0 | 14.4 | 35.0 | 1.0 | -53.6% |
| Total | 76.8 | 244 | 94.9 | 168 | 29.8% |
Top Suppliers of Stainless Steel in Ingots or Other Primary Forms to Chile in 2022:
- China (3.4 tons)
- United States (3.0 tons)
- Peru (0.2 tons)
Exports of Stainless Steel in Ingots or Other Primary Forms in Chile
In 2022, exports of stainless steel in ingots or other primary forms from Chile surged to 2.3 tons, increasing by 323% compared with 2021. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 579% against the previous year. As a result, the exports reached the peak of 4.1 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of stainless steel in ingots or other primary forms surged to $21K in 2022. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,634%. As a result, the exports reached the peak of $36K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Stainless Steel in Ingots or Other Primary Forms in Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bolivia | N/A | 2.0 | 1.6 | 20.9 | 223.3% |
| Italy | 2.1 | N/A | N/A | N/A | 0% |
| Philippines | N/A | 33.9 | N/A | N/A | 0% |
| Others | N/A | N/A | 4.3 | N/A | 0% |
| Total | 2.1 | 35.9 | 5.9 | 20.9 | 115.1% |
Top Export Markets for Stainless Steel in Ingots or Other Primary Forms from Chile in 2022:
- Bolivia (2.3 tons)
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